10-Q Filing

WARRIOR MET COAL, INC. CIK: 1691303 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001691303-21-000017`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	hcc-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 34 Cash Flow Statement 58 Stockholders Equity 8

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.95M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	53.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$211.92M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	53.41M	shares	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.35M	shares	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$8.50M	USD	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$8.50M	USD	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.19M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$76.12M	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$83.30M	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$135.70M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$118.71M	USD	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$34.86M	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$45.05M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$477.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$467.48M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	2.22M	shares	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$100.86M	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$98.39M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	2.22M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$640.73M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$637.11M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$150.74M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$174.37M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$13.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$14.12M	USD	Point-in-time
Total assets	`Assets`	$1.39B	USD	Point-in-time
Total assets	`Assets`	$1.38B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.34M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$86.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$62.90M	USD	Point-in-time
Short term financing lease liabilities	`FinanceLeaseLiabilityCurrent`	$23.62M	USD	Point-in-time
Short term financing lease liabilities	`FinanceLeaseLiabilityCurrent`	$14.38M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.11M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$10.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$170.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$160.96M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$380.10M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$379.91M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$57.55M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$60.75M	USD	Point-in-time
Long term financing lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$24.09M	USD	Point-in-time
Long term financing lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$40.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$36.83M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$37.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$668.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$679.69M	USD	Point-in-time
Common stock, $0.01 par value per share (Authorized -140,000,000 shares as of March 31, 2021 and December 31, 2020, 53,567,566 issued and 51,345,725 outstanding as of March 31, 2021 and 53,408,040 issued and 51,186,199 outstanding as of December 31, 2020)	`CommonStockValue`	$534.00K	USD	Point-in-time
Common stock, $0.01 par value per share (Authorized -140,000,000 shares as of March 31, 2021 and December 31, 2020, 53,567,566 issued and 51,345,725 outstanding as of March 31, 2021 and 53,408,040 issued and 51,186,199 outstanding as of December 31, 2020)	`CommonStockValue`	$536.00K	USD	Point-in-time
Preferred stock, $0.01 par value per share (10,000,000 shares authorized, no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share (10,000,000 shares authorized, no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Treasury stock, at cost (2,221,841 shares as of March 31, 2021 and December 31, 2020)	`TreasuryStockValue`	$50.58M	USD	Point-in-time
Treasury stock, at cost (2,221,841 shares as of March 31, 2021 and December 31, 2020)	`TreasuryStockValue`	$50.58M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$248.77M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$249.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$525.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$501.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$700.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$725.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$785.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.38B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.39B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$226.72M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$213.76M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$154.35M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$151.51M	USD	1 Quarter
Cost of other revenues (exclusive of items shown separately below)	`OtherCostOfOperatingRevenue`	$7.56M	USD	1 Quarter
Cost of other revenues (exclusive of items shown separately below)	`OtherCostOfOperatingRevenue`	$7.79M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$28.69M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$32.90M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.64M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$196.22M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$202.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.08M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-8.69M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-7.53M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-109.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$1.82M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.28M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.79M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$23.63M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.24M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$21.55M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-21.36M	USD	1 Quarter
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.42	USD	1 Quarter
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.42	USD	1 Quarter
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Weighted average number of shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.11M	shares	1 Quarter
Weighted average number of shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.27M	shares	1 Quarter
Weighted average number of shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.27M	shares	1 Quarter
Weighted average number of shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.27M	shares	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$21.55M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-21.36M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$28.69M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$32.90M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$3.28M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$23.63M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Amortization of debt issuance costs and debt discount/premium, net	`AmortizationOfFinancingCostsAndDiscounts`	$425.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount/premium, net	`AmortizationOfFinancingCostsAndDiscounts`	$351.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$805.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$733.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.18M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$32.05M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.11M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.33M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.19M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$235.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.96M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.61M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.54M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-5.46M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.23M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$6.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.22M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.02M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$22.77M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$9.48M	USD	1 Quarter
Deferred mine development costs	`PaymentsToAcquireMiningAssets`	$3.68M	USD	1 Quarter
Deferred mine development costs	`PaymentsToAcquireMiningAssets`	$12.33M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	1 Quarter
Sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$14.73M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$8.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.22M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.79M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.61M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.60M	USD	1 Quarter
Borrowings under ABL Facility	`ProceedsFromIssuanceOfLongTermDebt`	$70.00M	USD	1 Quarter
Borrowings under ABL Facility	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$8.25M	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$3.83M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.54M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.01M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.40M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$62.56M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$63.36M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.03M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$256.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$221.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$211.92M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$256.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$221.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$211.92M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$700.30M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$725.24M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$785.12M	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$21.55M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-21.36M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$700.30M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$725.24M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$785.12M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.